Bangkok--Apr 18--SET
Superblock Pcl., producer and distributor of autoclaved aerated concrete (AAC), will be listed in the Property and Construction sector on April 19, 2005, after having recorded a more than THB440.0 mln. (approx. USD11.0 mln.) increase in capital. The company is preparing to build a factory and invest in new machinery and equipment to expand the production capacity of its third AAC factory and use a portion of the raised funds as working capital.
Executive Vice President of The Stock Exchange of Thailand (SET) Ms. Sopawadee Lertmanaschai announced that the SET’s Board of Governors has agreed to list the shares of Superblock Pcl in the Property and Construction sector, under the Construction Materials group. The shares will start trading from April 19, 2005 and use the symbol “SUPER”.
“SUPER is the producer of grade 4 autoclaved aerated concrete (AAC) which is used worldwide. The products that the company carries include block wall, wall panels and lintels under the brand name ’SUPERBLOCK’. SUPER has acquired its technology and machinery from Wehrhahn, Germany. In addition, SUPER’s related range of products also includes mortar and equipment which are used specifically with AAC products”, she noted.
“With a strong competitive edge and only two domestic rivals in the business, as well as its products’ having special qualities, e.g., being both durable and fireproof, SUPER’s products are widely popular as substitutes for regular construction materials, e.g., bricks or instant concrete walls. SUPER’s goods are of the highest quality and have been certified by the Ministry of Industry as meeting its Mor Or Gor standards, as well as ISO 9001. The increasing popularity of AAC during 2003-2004 has also help highlight the strengths of SUPER”, said Ms. Sopawadee.
SUPER has registered capital of THB313.5 mln. (approx. USD7.84 mln.), consisting of 210 mln. existing paid-up common shares and 103.5 mln. newly-issued paid up common shares with a par value of THB1.00 per share. During April 4-5, 2005, SUPER held its IPO offering 90 mln. shares to the public at THB4.90 per share.
In addition, SUPER has provided a green-shoe option of 13.5 mln. shares, which are 33% of the total number of shares on offer at this time. This will help stabilize the share prices after trading starts. Trinity Advisory 2001 Co., Ltd. acted as SUPER’s financial advisor.
SUPER will use the raised capital in building a factory, as well as investing in new machinery and equipment to expand the production capacity of its third AAC factory, while using a portion of the funds as the company’s working capital.
SUPER has recorded continued revenue growth. In 2003, the company recorded a total profit of THB31 mln. (approx. USD775,000). This figure rose to THB94 mln. (approx. USD2.35 mln.) in 2004. This dramatic rise was due to an expanded production capacity, higher sales, and a decreased average sales cost. SUPER’s dividend payout policy is set at no more than 50% of its net profits after taxes and legal debt provision requirement.
After its IPO, SUPER’s two major shareholders are 1) Mr. Jomsarp Lojaya, with 31.20% of the company’s shares, and 2) Advance Asset Management Service Co., Ltd. which holds 30.49% of its total shares.
For more information on SUPER, please visit the SET’s website, www.set.or.th and the SETTRADE.COM’s website, www.settrade.com.
For more information,
please contact the Corporate Communication Dept.:
Ladawan Kantawong Tel: 0-2229-2036
Kulvida Jintakawong Tel: 0-2229-2037
Nattaporn Boonprapa Tel: 0-2229-2049
Watsamon Saowakhonsathien Tel: 0-2229-2797 End.